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Virtus Investment Partners

VRTS
42
Asset Management · Financial Services
Exchange
NASDAQ
Winston Score
42
Winston is serious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 23, 2026 · filings through Jun 30, 2026
How the score breaks down
Quality
Good
Growth
Mixed
Cash Flow
Weak
Stability
Weak
Valuation
Strong
Dividends
Strong

Winston Score History

The full picture

Virtus Investment Partners is an asset management company that pools money from investors and invests it on their behalf. It offers mutual funds, exchange-traded funds (ETFs), and separately managed accounts across stocks, bonds, and other asset classes. Its customers include individual investors, financial advisors, and institutional clients like pension funds.

Virtus makes money by charging fees based on a percentage of the assets it manages — so when markets rise and more money flows in, revenue grows. The company operates primarily in the United States and manages roughly $170 billion in assets under management. Its business model relies on a multi-manager structure, partnering with independent investment boutiques rather than running all strategies in-house, which gives it a diverse product lineup. The main risk is that falling markets or poor fund performance can cause investors to pull money out, directly shrinking the fee base and hurting revenue.

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Score breakdown

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Quality

Profit per sale
Gross Margin
67.6%
Premium pricing power — 67.6% gross margin
Profit after running costs
Operating Margin
22.5%
Excellent — 22.5% operating margin
Return on the money invested
ROCE
N/A
Data not available

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Growth

Sales growth
Sales YoY
-14.4%
Shrinking sales (-14.4% YoY)
Profit growth
EPS YoY
-14.4%
Earnings shrinking (-14.4% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
5/8 quarters
Mixed — about half the quarters showed growth

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Cash Flow

Profit that turns into cash
Cash Conversion
-23%
Weak — only -23% of profit becomes cash
Spare cash per sale
FCF Margin
-5.1%
Burning cash (-5.1%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
1.48x
Dangerous — barely covers interest (1.5x)

Interest coverage between 1 and 3. Profits cover interest, but with little room to spare.

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Valuation

Price vs profit
P/E Ratio (TTM)
9.4x
no trend
Attractive valuation — P/E 9.4

P/E under 10. The price tag is small relative to last year's profit.

Cheaper or dearer next year
P/E vs Forward
+2.6
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend
Dividend Yield
6.02%
no trend
Healthy income — 6.02% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend record
Dividend Growth
+6.7%
no trend
Dividend growing modestly (6.7% YoY)

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